WorksheetsCommunism & Capitalism & Socialism
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Which type of economy has individual ownership and values competition?
a)
Communism
b)
Capitalism
c)
Socialism
2.
What are two positives of capitalism?
a)
Freedom of choice, private property
b)
Everyone gets an equal amount
c)
You can work wherever, shop wherever, buy whatever.
d)
The economy and your life is totally controlled by the government
3.
What is one negative of capitalism?
a)
Huge gap between rich and poor.
b)
Everyone gets an equal amount
c)
Everyone is rich
4.
What's one characteristic of communism?
a)
Believes in collective (group) ownership and a planned economy.
b)
You can own whatever you work hard towards and .
5.
What are two positives of communism?
a)
The rich are rich and the poor are poor and that is ok
b)
Security, basic needs met and everyone would have a job
6.
What is one negative of communism?
a)
lack of choice
b)
too much freedom
7.
What economic system is a combination of capitalism and communism?
a)
Socialism
b)
Fascism
c)
Laissez-faire
8.
Is the current United States economy mostly capitalism or mostly communism?
a)
Mostly capitalism
b)
Mostly communism
9.
What was the economy during Industrial Revolution?
a)
Capitalism
b)
Communism
c)
Socialism
10.
What strategies do Unions use to negotiate with Factory Owners?
a)
buying products of competitive brands
b)
collective bargaining, slow downs and going on strikes
c)
keep doing their job and don't ask questions
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